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Accounting Multiple Choice Questions

Question 1 Multiple Choice
A lottery game is played in which four single digit numbers of drawn, one at a time with replacement, from the following pool of numbers {1, 2, 3, 4, 5, 6}. How many different four digit numbers are possible in this game?

1296
10,000
24
3308

Question 2 Multiple Choice
If X = {1, 3, 5, 7, 8, 9} and Y = {2, 4, 5, 6, 7, 9}, then X ∩Y is:

{1, 2, 3, 5, 6, 7, 9}
{1, 2, 3, 4, 5, 6, 7, 8, 9}
{5, 7, 9}
{1, 2, 3, 4, 5, 5, 6, 7, 7, 8, 9}

Question 3 Multiple Choice
Consider the following probability matrix:

What is P(A|Y)?

.5172
.2679
.15
.70

Question 4 Multiple Choice
Consider the following probability matrix:

What is P(B Y)?

.52
.10
.3448
.42

Question 5 Multiple Choice
Fifteen percent of all office workers would like to have more space.
Twenty-six percent of all office workers would like to have more privacy.
Eight percent of all office workers would like to have more space and more privacy.
If an office worker is randomly selected, what is the probability that he would like to have more space or would he like to have more privacy but not both?

.33
.41
.25
.3077

Question 6 Multiple Choice
A large firm uses three suppliers of computer printer cartridges. The Del Norte company supplies 45% of the cartridges, the Smithson Valley company supplies, 35% of the cartridges, and the Antioch Company supplies the rest. Five percent of the cartridges supplied by Del Norte are defective in some way (leak, dry, broken, etc.). Eight percent of the cartridges supplied by Smithson Valley are defective, and six percent of the cartridges supplied by Antioch are defective. The company randomly samples and tests a new cartridge that is unmarked. The cartridge turns out to be defective. The revised probability that the cartridge was supplied by Smithson Valley is:

.448
.360
.0280
.35

Question 7 Multiple Choice
A very large international company has over 50,000 employees. Suppose that 37% of the company's employees believe that the company is doing a good job of meeting their needs. Suppose that 54% are under age 40. Suppose also that 16% of the employees believe that the company is doing a good job of meeting their needs and are under age 40. If an employee is randomly selected, what is the probability that the employee believes that the company is doing a good job or that he is under age 40?

.75
.91
.06
.1998

Question 8 Multiple Choice
Fifteen percent of all office workers would like to have more space.
Twenty-six percent of all office workers would like to have more privacy.
Eight percent of all office workers would like to have more space and more privacy.
If an office worker is randomly selected, what is the probability that he would like to have more space or more privacy?

.33
.41
.08
.25

Question 9 Multiple Choice
Consider the following probability matrix:

What is P(Y X)?

..0000
.80
.20
.5686

Question 10 Multiple Choice
A complete roster of all elementary events for an experiment is called:

an experiment
a sample space
a register
a database

Question 11 Multiple Choice
Suppose that P(X) = .23, P(Y) = .17, and P(X ∩Y) = .06.
What is P(X Y)?

.40
.34
.06
.2609

Question 12 Multiple Choice
Suppose that left-handedness is independent of possession of a Visa bank card. Suppose that the probability that a person is left-handed is .10 and that the probability a person possesses a Visa card is .60. What is the probability that a person possesses a Visa bank card and is are left-handed?

.10
.60
.06
cannot be determined

Question 13 Multiple Choice
A survey of consumers is taken. On a particular question, they must choose only one of five options: A, B, C, D, or E. Forty-three percent of the consumers select option A and thirty-one percent select option B. Based on these percentages, if one of these consumers is randomly selected, what is the probability that they selected option A given that they selected option B?

.7209
.41
.0000
cannot be determined

Question 14 Multiple Choice
A very large international company has over 50,000 employees. Suppose that 37% of the company's employees believe that the company is doing a good job of meeting their needs. Suppose that 54% are under age 40. If an employee's view of whether or not the company is doing a good job of meeting their needs is independent of age, what is the probability that the employee believes that the company is doing a good job and is under age 40?

.91
.1998
.6852
.2385

Question 15 Multiple Choice
Consider the following probability matrix:

What is P(Z ∩A)?

.71
.05
.0000
.76

Question 16 Multiple Choice
When a probability is assigned based on laws and rules, the method is referred to as:

subjective probability
legal probability
logical probability
classical method

Question 17 Multiple Choice
Fifteen percent of all office workers would like to have more space.
Twenty-six percent of all office workers would like to have more privacy.
Eight percent of all office workers would like to have more space and more privacy.
If an office worker is randomly selected, what is the probability that he would like to have more privacy given that he would like more space?

.33
.4826
.5333
.3077

Question 18 Multiple Choice
The probability, P(X∩Y) is which of the following?

marginal probability
joint probability
union probability
conditional probability

Question 19 Multiple Choice
There are three general methods of assigning probabilities. Which of the following is not one of these?

relative frequency of occurrence
subjective probability
classical method
random method

Question 20 Multiple Choice
A survey of consumers is taken. On a particular question, they must choose only one of five options: A, B, C, D, or E. Forty-three percent of the consumers select option A and thirty-one percent select option B. Based on these percentages, if one of these consumers is randomly selected, what is the probability that they selected option A or option B?

.74
.1333
.6067
cannot be determined

Question 21 Multiple Choice
Suppose P(M) = .18, P(R) = .37 P(R M) = .47 What is P(M|R)?

.205
.400
.216
.366

Question 22 Multiple Choice
The probability, P(X Y) is which of the following?

marginal probability
joint probability
union probability
conditional probability

Question 23 Multiple Choice
If the occurrence of one event precludes the occurrence of the other event, then it can be said that the two events are:

blocking
interacting
mutually exclusive
independent

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